San Marino.

The Congress of State may grant 'elective residence' to a foreigner who makes and keeps in his or her own name, until the residence is consolidated, one or both of: buying a home for at least EUR 500,000 (up to EUR 150,000 of completion, renovation or rebuilding costs may count) or a 10-year non-interest-bearing tied deposit of at least EUR 600,000 in San Marino state securities or a fund set up by the state. The deposit route also carries a non-refundable tax of EUR 10,000; every application pays EUR 1,000; each family member added pays EUR 20,000 once. Holders may not work in the public sector, get no residence-linked benefits and must insure their own health care until the residence is consolidated after ten years. At most 50 grants a year (excluding family members). Introduced by art. 19 of Law 94 of 7 August 2017 (in force on the fifth day after legal publication; the publication date is not printed, so launched is the law's date). The 2017 text limited the property route to buildings completed, unfinished or to be renovated before 31 May 2017; Law 183 of 29 October 2021 removed that date. The flat-tax residence for people with foreign income (art. 16-ter) and the pensioners' residence (art. 16-quater, income and bank assets) are income-based and out of scope (decision 15). No counts of elective residences were found (the Foreign Secretary reports to a Council commission; those reports were not searched).